While I’ve been looking at articles that should highlight news notes, this one keeps popping up in my head. As I wrote in my news notes, the company doesn’t have to pay for their dreaded mistakes.
Some of the mistakes include, a server that didn’t have basic protections for protecting of personal information, continued lies on how your tickets you were paying for were to be used, increase in price, and probably others I’ve not mentioned here.
The reason why you won’t get restitution is because the company is bankrupt anyway, but the article does say:
The FTC will not provide restitution since the settlement comes after the company went bankrupt. The proposed consent order requires parent company Helios and Matheson Analytics, Inc. and principal executives Mitchell Lowe and Theodore Farnsworth to enact “comprehensive information security programs” for future businesses and report any data breaches.
For the full story, please view the Cyberscoop article MoviePass settles with the FTC over exposing private information, misleading consumers and let the comment boards blow up!
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